The Canadian economy grew by a faster-than-expected 3.5 percent, annualized, in the third quarter, according to Statistics Canada data released earlier on Wednesday.

“Today’s numbers showing significant growth in the Canadian economy last quarter are very encouraging. At the same time, we remain very concerned about problems particularly in Europe,” he told the House of Commons.

Reporting By David Ljunggren and Louise Egan; Editing by Jeffrey Hodgson